Extraordinary interest-free tax deferral (April 2021)

Updated: 08/04/21

As was the case last year, the Treasury once again grants the possibility of deferring all self-assessments to be filed between 1 and 30 April 2021. The deferral option is extended, not only for VAT, but also for personal income tax withholdings and corporate income tax instalments. This measure will be applicable to companies and the self-employed.

The maximum limit of the deferrable amount, without presenting additional guarantees, will be €30,000 and will be available to all persons and entities with a volume of transactions exceeding €6 million in the financial year 2020.

Therefore, the moratorium period to be requested will be 6 months. Interest will not be accrued during the first 4 months and will be applied during the following 2 months. In addition, the amounts deferred, in their entirety, will be debited from the account indicated in the presentation of the self-assessment after these 6 months together with the interest accrued in the period.

Although the extraordinary deferral is granted for 6 months, it can be paid earlier, so that if the payment is made within the first four months, no interest will be charged.

We also remind you that the conventional payment methods for quarterly self-assessments, direct debit payments will remain in force until 15 April, immediate payment by NRC, and the conventional deferral methods (only for forms 130, 131 and 303) of up to 6 instalments for companies and 12 for the self-employed.

On which Models can deferrals be requested?

• 111 IRPF Income from work and economic activities, prizes and certain capital gains and income imputations.
• 115 PERSONAL INCOME TAX. Income or yield from the lease or sublease of urban property.
• 123 Personal income tax, corporate income tax and non-resident income tax (permanent establishments). Certain income from movable capital or certain income.
• 130 PERSONAL INCOME TAX. Businessmen and professionals in Direct Estimation. Payment in instalments.
• 131 PERSONAL INCOME TAX. Businessmen and professionals in Objective Estimation. Payment in instalments.
• 202 IS. Corporate Income Tax and Non-Resident Income Tax. Payment in instalments.
• 303 VAT. Self-assessment. Value Added Tax.

(Third additional provision of the Royal Decree-Law 5/2021of 12 March on extraordinary measures to support business solvency in response to the COVID-19 pandemic)